HomeMy WebLinkAboutFlood Insurance Premium Examples Jan 2013
Flood Insurance Premium Examples
Effective: January 1, 2013
Post-FIRM³ Single Family Residence
Single Family One Story,Post FIRM AE Zone Post FIRM 1981 VE-Zone [No Obstructions RC .75+]
No Basement/Enclosure
$250,000 Building Coverage$250,000 Building Coverage
Lowest Floor Elevation Building Coverage Building Coverage
With $100,000 Contents Coverage With $100,000 Contents Coverage
DifferenceOnlyOnly
Flood Insurance PremiumFlood Insurance Premium
3 feet above$376 $561 $2,403 $2,923
2 feet above$448 $633 $3,278 $4,048
1 foot above$660 $845 $4,728 $5,918
At Base Flood $1,359 $1,724 $6,803 $8,603
1 foot below$4,527 $5,255 $9,003 $11,583
2 feet below$5,924 $8,308 $12,074 $15,764
3 feet below$7,204 $10,554 $15,524 $20,474
4 feet below$9,551 $14,370 $17,334 $23,304
6 feet below$18,830 $28,535 $23,449 $32,019
Pre-FIRM² Single Family - Primary Residence
Single Family One Story,Pre FIRM AE-Zone Pre FIRM VE-Zone
No Basement/Enclosure
$250,000 Building Coverage$250,000 Building Coverage
Building Coverage Building Coverage
With $100,000 Contents Coverage With $100,000 Contents Coverage
OnlyOnly
Flood Insurance PremiumFlood Insurance Premium
$2,014 $3,289 $4,375 $7,173
Pre-FIRM² Single Family - Secondary Residence [ Non-Primary¹]
Single Family One Story,Pre FIRM AE-Zone Pre FIRM VE-Zone
No Basement/Enclosure
$250,000 Building Coverage$250,000 Building Coverage
Building Coverage Building Coverage
With $100,000 Contents Coverage With $100,000 Contents Coverage
OnlyOnly
Flood Insurance PremiumFlood Insurance Premium
$2,242 $3,652 $4,886 $8,001
Notes:
¹ Non-Primary Residence Defined: For Rating Purposes Only, FEMA defines a non-primary residence as a building that will not be lived in by the insured
or the insured's spouse for at least 80%
²Pre-FIRM Defined: A building for which construction or substantial improvement occurred on or before December 31, 194, or before the effective date of
an initial Flood Insurance Rate Map (FIRM)
³Post-FIRM Defined: A building for which construction or substantial improvement occurred after December 31, 1974, or on or after the effective date of
an initial Flood Insurance Rate Map (FIRM)
Preferred Risk Policy Premiums for 1-4 Family Residential
Effective: January 2013
1–4 FAMILY RESIDENTIAL BUILDING AND CONTENTS COVERAGE COMBINATIONS
With Basement or EnclosureWithout Basement or Enclosure
BuildingContentsPremiumBuildingContentsPremium
$ 20,000$ 8,000$174$ 20,000$ 8,000$129
$ 30,000$ 12,000$209$ 30,000$ 12,000$181
$ 50,000$ 20,000$267$ 50,000$ 20,000$238
$ 75,000$ 30,000$313$ 75,000$ 30,000$279
$100,000$ 40,000$344$100,000$ 40,000$310
$125,000$ 50,000$366$125,000$ 50,000$332
$150,000$ 60,000$388$150,000$ 60,000$354
$200,000$ 80,000$427$200,000$ 80,000$388
$250,000$100,000$458$250,000$100,000$412
RESIDENTIAL CONTENTS-ONLY COVERAGE
Contents Above Ground Level More than 1 All Other Locations (Basement Only Not Eligible)
Floor
ContentsPremiumContentsPremium
$ 8,000$55$ 8,000$77
$ 12,000$73$ 12,000$104
$ 20,000$108$ 20,000$145
$ 30,000$124$ 30,000$166
$ 40,000$138$ 40,000$185
$ 50,000$151$ 50,000$205
$ 60,000$165$ 60,000$224
$ 80,000$192$ 80,000$246
$100,000$219$100,000$269